Options Skew Analytics

CCL option chain

Strikes around the forward, as they were quoted at the close

Data as of 6 November 2026 (end of day)

2026-11-13(7 days)ATM 45.93%±1.89skew +10.13
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$6.40$8.75—$22.00—————
57$4.40$4.95—$25.00—————
61$3.45$3.85—$26.0058.59%$0.02$0.0819216
123$2.93$3.40—$26.50—————
4680$2.56$2.87—$27.00—————
354$2.08$2.40—$27.5055.00%$0.15$0.2221220
12725$1.66$2.00—$28.0052.75%$0.22$0.301,415319
222164$1.45$1.54—$28.5052.53%$0.34$0.4464251
2712,299$1.09$1.19—$29.0050.29%$0.49$0.57476865
173753$0.79$0.92—$29.5047.64%$0.68$0.7353539
374951$0.54$0.5944.13%$30.00—$0.93$1.051,333101
166117$0.36$0.4043.80%$30.50—$1.23$1.3653324
3126,139$0.22$0.2442.40%$31.00—$1.59$1.73542
686243$0.13$0.1743.32%$31.50—$1.82$2.79190
101165$0.07$0.1042.75%$32.00—$2.28$2.65137
48247$0.03$0.0748.60%$33.00—————
—————$35.00—$4.90$6.75100
—————$36.00—$5.60$7.8510

Forward $29.65. The 25-delta put carries +10.13 volatility points over the 25-delta call.

2026-11-20(14 days)ATM 47.08%±2.73skew +5.73
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
04$9.90$11.35—$19.00—————
212249$9.30$9.90—$20.00—————
01$8.10$9.25—$21.0085.20%$0.01$0.053,7654
01$7.45$9.30—$21.50—————
010$7.25$8.80—$22.00—————
054$6.80$8.25—$22.50—————
05,236$5.35$5.85—$24.0065.95%$0.05$0.105,45714
031$4.45$6.30—$24.5066.69%$0.10$0.136,398503
01,408$4.30$4.90—$25.0061.05%$0.09$0.1413,975206
02$4.00$4.50—$25.50—————
43,308$3.65$4.00—$26.0057.33%$0.16$0.2213,70262
0343$3.15$3.55—$26.5054.47%$0.19$0.275461
93,928$2.75$3.10—$27.0052.65%$0.27$0.3224,43052
392,899$2.46$2.65—$27.5050.14%$0.34$0.3990654
326,502$2.06$2.23—$28.0049.08%$0.45$0.517161,174
1236,767$1.39$1.54—$29.0047.58%$0.77$0.851,501438
50510,233$0.86$0.9546.85%$30.00—$1.22$1.3762448
1152,067$0.48$0.5244.50%$31.00—$1.83$1.9819121
872,606$0.24$0.2743.35%$32.00—$2.37$3.952241
100578$0.11$0.1342.73%$33.00—$3.35$3.7031
12,198$0.05$0.0642.83%$34.00—————

Forward $29.61. The 25-delta put carries +5.73 volatility points over the 25-delta call.

2026-11-27(21 days)ATM 43.27%±3.08skew +3.85
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$6.50$8.80—$22.00—————
053$4.55$6.90—$24.00—————
028$4.05$6.35—$24.50—————
458$3.90$5.65—$25.00—————
113$3.80$4.60—$25.50—————
071$3.55$4.20—$26.00—————
481$2.86$3.20—$27.0049.04%$0.35$0.43911
319$2.36$2.82—$27.5045.83%$0.34$0.55280
3106$2.23$2.40—$28.0047.19%$0.58$0.66367
039$1.88$2.07—$28.5045.87%$0.70$0.8201
22364$1.52$1.76—$29.0045.82%$0.91$1.015915
21483$1.28$1.50—$29.5045.39%$1.13$1.234225
3290$1.03$1.1342.79%$30.00—$1.39$1.569929
50126$0.82$0.9142.42%$30.50—$1.54$1.851320
13311$0.63$0.7642.57%$31.00—$1.96$2.151951
071$0.49$0.6242.81%$31.50—$2.32$2.53910
091$0.36$0.4741.98%$32.00—————
70244$0.19$0.2641.03%$33.00—————
7071$0.03$0.0739.23%$35.00—————

Forward $29.71. The 25-delta put carries +3.85 volatility points over the 25-delta call.

2026-12-04(28 days)ATM 43.74%±3.60skew +6.00
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
10$6.95$8.15—$22.00—————
08$4.80$6.60—$24.00—————
03$3.70$5.80—$25.00—————
—————$25.5049.75%$0.22$0.29864
—————$26.0049.06%$0.29$0.367749
—————$26.5049.54%$0.37$0.5070
—————$27.0047.62%$0.46$0.56103
023$2.75$2.94—$27.5048.04%$0.59$0.73314
7250$2.34$2.60—$28.0046.52%$0.72$0.84240
11321$2.05$2.27—$28.5046.00%$0.88$1.023790
10503$1.64$1.98—$29.0046.28%$1.06$1.287833
16610$1.46$1.69—$29.5045.11%$1.29$1.458555
341,910$1.22$1.3643.57%$30.00—$1.50$1.776020
0365$0.99$1.1342.88%$30.50—$1.82$2.041840
6155$0.80$0.9041.95%$31.00—$2.14$2.372520
1210$0.64$0.7842.45%$31.50—$2.31$2.67940
6124$0.49$0.6041.28%$32.00—$2.81$3.05100
013$0.40$0.5142.05%$32.50—$2.85$4.601820

Forward $29.71. The 25-delta put carries +6.00 volatility points over the 25-delta call.

2026-12-11(35 days)ATM 43.44%±4.00skew +7.31
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
04$4.65$6.85—$24.00—————
430$4.00$5.65—$25.00—————
—————$26.5048.23%$0.41$0.65351
—————$27.0050.63%$0.56$0.90121
—————$27.5047.44%$0.65$0.93010
585$2.53$2.84—$28.0046.43%$0.84$1.0260
05$2.20$2.45—$28.50—————
13$1.86$2.22—$29.0044.70%$1.19$1.3750
143$1.61$1.89—$29.5044.98%$1.42$1.6422
328$1.36$1.5643.44%$30.00—————
06$1.14$1.4144.13%$30.50—$1.94$2.20500
257$0.95$1.1142.50%$31.00—$2.25$2.5374
121$0.65$0.7942.35%$32.00—$2.92$3.2020
010$0.41$0.6343.31%$33.00—————

Forward $29.72. The 25-delta put carries +7.31 volatility points over the 25-delta call.

2026-12-18(42 days)ATM 47.42%±4.79skew +7.04
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
1260$14.45$15.05—$15.00—————
0345$11.90$13.30—$17.00—————
037$10.00$11.20—$19.0069.32%$0.04$0.085501
02,780$9.35$10.10—$20.0064.88%$0.05$0.1012,7873
0390$8.05$9.25—$21.00—————
71,471$7.45$8.05—$22.0057.98%$0.11$0.1616,0797
06,756$6.15$7.25—$23.0058.12%$0.20$0.267,62815
82,977$5.60$6.20—$24.0054.39%$0.26$0.335,43022
189,362$4.85$5.30—$25.0052.75%$0.39$0.4621,91419
52,997$4.10$4.55—$26.0049.89%$0.45$0.683,33585
45,284$3.45$3.75—$27.0050.09%$0.79$0.9020,244159
41,950$2.76$3.10—$28.0049.51%$1.14$1.216,031211
672,499$2.14$2.38—$29.0048.11%$1.50$1.603,059121
18711,553$1.70$1.8947.64%$30.00—$1.97$2.113,4557
899,415$1.22$1.3544.99%$31.00—$2.45$2.7551510
585,122$0.88$1.0144.59%$32.00—$2.85$3.503,2091
191,782$0.60$0.6843.05%$33.00—$3.55$4.202357
662,209$0.40$0.4842.61%$34.00—$4.35$5.4010
7413,799$0.25$0.3342.02%$35.00—$5.30$6.25990
—————$36.00—$6.10$7.15160
147315$0.02$0.0640.07%$39.00—————

Forward $29.75. The 25-delta put carries +7.04 volatility points over the 25-delta call.

2027-01-15(70 days)ATM 44.43%±5.81skew +6.10
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
054$11.15$12.25—$18.00—————
054$10.15$11.25—$19.00—————
31,912$9.60$10.10—$20.0055.84%$0.10$0.1519,40315
0368$8.45$9.35—$21.0054.28%$0.16$0.202,9754
1730$7.75$8.45—$22.0052.81%$0.21$0.3010,5894
101,427$7.05$7.40—$23.0052.68%$0.33$0.443,4565
07,896$6.00$6.55—$24.0050.89%$0.47$0.552,420540
223,196$5.40$5.70—$25.0049.34%$0.64$0.7124,748213
16947$4.45$5.00—$26.0048.45%$0.86$0.954,592172
25,735$3.90$4.20—$27.0047.49%$1.12$1.258,316601
12,519$3.25$3.50—$28.0047.76%$1.46$1.701,888288
42,282$2.65$2.93—$29.0045.88%$1.87$2.001,01537
4817,142$2.15$2.3644.88%$30.00—$2.31$2.4811,57224
32,895$1.72$1.8543.81%$31.00—$2.86$3.0555121
68,944$1.30$1.4542.64%$32.00—$3.45$3.653,9970
565397$1.05$1.1342.74%$33.00—$4.10$4.3542120
371,744$0.78$0.8942.34%$34.00—$4.80$5.2531
1815,128$0.58$0.6441.44%$35.00—$5.45$6.302,8012
342,094$0.42$0.4740.91%$36.00—$6.25$7.3010
974,017$0.30$0.3540.64%$37.00—$7.15$7.902190
2820,594$0.10$0.1239.45%$40.00—$10.00$11.7510

Forward $29.86. The 25-delta put carries +6.10 volatility points over the 25-delta call.

2027-03-19(133 days)ATM 43.14%±7.79skew +5.61
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0137$11.25$12.40—$18.00—————
024$10.40$11.40—$19.00—————
0200$9.45$10.60—$20.0052.80%$0.30$0.453,2820
079$8.55$9.70—$21.0051.34%$0.39$0.575,6210
0399$7.90$8.75—$22.0050.14%$0.51$0.722920
0321$7.40$7.90—$23.0048.66%$0.70$0.837,7843
1392$6.45$7.10—$24.0047.67%$0.89$1.0445,80549
0870$5.35$6.45—$25.0046.87%$1.14$1.286,077190
2295$4.90$5.70—$26.0046.59%$1.43$1.626484
2126$4.40$5.05—$27.0045.70%$1.70$2.006180
01,755$3.80$4.25—$28.0045.52%$2.05$2.483,68512
3286$3.40$3.70—$29.0044.17%$2.49$2.812210
1576,376$2.97$3.1543.83%$30.00—$3.00$3.301,7460
41,184$2.49$2.7043.08%$31.00—$3.50$3.85210
492,258$1.96$2.3141.74%$32.00—$4.05$4.452210
0432$1.61$1.9741.36%$33.00—$4.70$5.1520
0126$1.33$1.6841.25%$34.00—$5.40$6.1050
233,431$1.19$1.3641.39%$35.00—$6.05$6.8570
27319$0.96$1.1340.98%$36.00—$6.90$7.6501
0748$0.68$0.9139.55%$37.00—————
0570$0.33$0.4938.82%$40.00—————

Forward $29.91. The 25-delta put carries +5.61 volatility points over the 25-delta call.

How to read this

Calls on the left, puts on the right, the strike between them — the layout every chain uses. Each block is one expiration, and the heading carries its days to expiry, the at-the-money implied volatility, and the one-standard-deviation move that volatility implies over that time.

Only the 21 strikes nearest the forward are stored, which is the part of the board that carries the volume. The shaded side is in the money: below the forward for calls, above it for puts.

Implied volatility is shown on the out-of-the-money side only. An in-the-money option is nearly all intrinsic value quoted on a wide market, so a volatility solved from it would look authoritative and mean very little. The price is still shown, because the price is real; the blank is deliberate.